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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis
The following tables summarize the valuation of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis in accordance with the classifications provided above as of December 31, 2015 and 2014 (in thousands). 
 
 
Fair Value Measurements at
December 31, 2015 using
Description
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets (Liabilities)
 
 
 
 
 
 
 
 
Oil and natural gas derivatives
 
$

 
$
16,284

 
$

 
$
16,284

Total
 
$

 
$
16,284

 
$

 
$
16,284

 
 
Fair Value Measurements at
December 31, 2014 using
Description
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets (Liabilities)
 
 
 
 
 
 
 
 
Oil and natural gas derivatives
 
$

 
$
55,549

 
$

 
$
55,549

Total
 
$

 
$
55,549

 
$

 
$
55,549